Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.
A number of other research analysts have also recently issued reports on TTWO. JPMorgan Chase & Co. initiated coverage on Take-Two Interactive Software in a research report on Tuesday, August 11th. They issued an “overweight” rating and a $310.00 target price on the stock. Oppenheimer increased their target price on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Robert W. Baird raised their price target on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Raymond James Financial set a $300.00 price target on shares of Take-Two Interactive Software in a report on Thursday, August 6th. Finally, DA Davidson reiterated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus target price of $296.95.
Check Out Our Latest Stock Analysis on TTWO
Take-Two Interactive Software Trading Up 0.2%
Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the firm posted ($0.07) EPS. Take-Two Interactive Software’s quarterly revenue was down 2.1% on a year-over-year basis. Take-Two Interactive Software has set its Q2 2027 guidance at 0.900-1.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. Equities analysts predict that Take-Two Interactive Software will post 5.51 EPS for the current fiscal year.
Insider Buying and Selling
In other Take-Two Interactive Software news, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $244.61, for a total transaction of $122,305.00. Following the transaction, the director directly owned 21,868 shares of the company’s stock, valued at approximately $5,349,131.48. The trade was a 2.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Strauss Zelnick sold 40,000 shares of Take-Two Interactive Software stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $252.64, for a total value of $10,105,600.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 540,759 shares of company stock valued at $123,183,789 over the last quarter. 1.12% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Take-Two Interactive Software
Hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in Take-Two Interactive Software during the 1st quarter valued at approximately $425,000. Empowered Funds LLC raised its holdings in Take-Two Interactive Software by 13.2% during the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after purchasing an additional 388 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Take-Two Interactive Software by 118.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after purchasing an additional 165 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $2,747,000. Finally, Jump Financial LLC boosted its stake in shares of Take-Two Interactive Software by 105.3% in the 2nd quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock valued at $1,728,000 after purchasing an additional 3,650 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.
About Take-Two Interactive Software
Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.
Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.
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